CALGARY, CANADA (By the Government of Alberta, 5.Aug.2025, Words: 390) — The Government of Alberta announced a $12.7mn investment to support three transformative projects through the Technology Innovation and Emissions Reduction (TIER) fund and Emissions Reduction Alberta’s Continuous Intake Program.
These investments will strengthen Alberta’s electricity system, reduce emissions, support local supply chains for battery metals, and create jobs across the province.
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Alberta is putting its underground resources to work through these new clean technology projects. Salt caverns will be used to store energy, carbon dioxide will be safely contained underground, and battery-grade lithium will be extracted from deep brine.
“Alberta is using our rich underground resources to deliver cleaner, more reliable electricity and good paying jobs. Fewer outages, lower power bills, and our own battery-metal supply mean healthier communities and a stronger economy. These investments cement Alberta’s place as Canada’s economic engine and the world’s clean technology leader.” — Rebecca Schulz, Minister of Environment and Protected Areas
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“This investment helps de-risk and advance technologies that unlock greater value from Alberta’s vast underground resources, reduce emissions, and strengthen the province’s competitive position. ERA’s Continuous Intake Program enables us to ensure high-impact innovations get the support they need to move forward and reach the market faster.” — Justin Riemer, Chief Executive Officer, Emissions Reduction Alberta
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Projects include:
Cache Power Corporation
ERA funding: $5,000,000 | Project Cost: $15,800,000
Location: MD of Bonnyville, AB
The first deployment of Compressed Air Energy Storage in Alberta, providing a scalable, dispatchable, and low-emission solution for long-duration energy storage.
Carbon Management Canada
ERA funding: $3,800,000 | Project Cost: $8,800,000
Location: Newell County, AB
Developing semi-continuous, real-time and cost-effective systems for monitoring, measurement and verification of carbon dioxide geological storage.
LithiumBank Resources Corp.
ERA funding: $3,900,000 | Project Cost: $10,500,000
Location: Valleyview, AB
Prepare the deployment of its first commercial-scale Direct Lithium Extraction module, with the potential for future scaling within the company’s assets and across Alberta.
The Continuous Intake Program enables ERA to consider high-potential, strategically important projects outside the traditional call-for-proposals cycle through referrals from Trusted Partners with rigorous, transparent selection processes. This approach gives applicants access to funding from both ERA and partner organizations, helping to accelerate technology development, and reduce red tape.
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